Reed Elsevier has sold another piece of trade magazine arm Reed Business Information (RBI). The group’s Nordic arm has acquired by private equity firm GMT for around €10 million, the FT reports.
Reed failed to sell RBI as a whole unit last year.
It has since sold its travel publishing division TWgroup and announced it will offload some of its US controlled circulation titles.
Tags: RBI, Reed Business InformationAn internal document from Reed Business Information, publisher of Estates Gazette and New Scientist, says the company wants to grow its revenue from online activities by 50 per cent within three years.
Full DutchNews.nl story at this link…
According to a Dow Jones report on the document, the publisher specifically wants to raise the sale of online publications by 50 per cent in three years.
The division also needs additional cost cutting and an end to duplication of costs, chief executive Keith Jones said in the memo to staff.
Earlier this year RBI’s parent company Reed Elsevier announced the sale of several US magazine titles; in April RBI announced plans for 50 redundancies in the UK – you can see a full timeline of recent events at the company at this link.
Tags: Keith Jones, RBI, Reed ElsevierReed Business Information has sold its travel publishing division, which includes Gazetteers.com, Travolution and Travel Weekly, to entrepreneur Clive Jacobs.
Simon Ferguson, former publishing director of the group’s travel portfolio, who left RBI in March, struck the deal and will become chief executive of the newly created TW Group Ltd.
Full release, as reported by Travel Weekly, at this link…
Tags: RBI, Travel Publishing Group, TW GroupAn update from Community Care on its ‘Stand Up Now for Social Work’ campaign (covered by Journalism.co.uk last month): the RBI title’s efforts have been picked up by Take A Break magazine.
The campaign started by drawing attention to the shortlisting of the Sun’s Baby P campaign for the British Press Awards.
TAB has launched its own campaign, ‘Thank God for Social Workers’, as a follow-up. Unfortunately, the mag’s article on the new initiative isn’t online, but Community Care deputy editor Emma Maier tells Journalism.co.uk that TAB is giving away 500 campaign badges and has also criticised the Sun’s ‘name and shame approach’.
TAB editor John Dale told Maier in her report on the development that the title is looking for more stories from social workers, who would have their details protected, and is keen to run more articles on the issue.
Read: Community Care’s Simeon Brody on ‘Why social workers deserve better treatment by the press’
Tags: Community Care, RBI, Stand up for social work, Take A BreakNational Union of Journalist (NUJ) members at Reed Business Information (RBI) have voted against further industrial action following a strike ballot at the publisher.
In the Wednesday ballot, 111 voted against further action being taken in response to proposed merger of production desks at Flight International, ICIS and Contract Journal and issues of compulsory redundancies.
According to an internal memo seen by Journalism.co.uk, the NUJ chapel will meet with the company again on March 4 to discuss new offers to staff, with separate meetings to be held for members at New Scientist and Estates Gazette.
In the ballot, 64 NUJ members voted in favour of taking industrial action.
Last month the group announced 35 staff redundancies in the UK, citing ‘long-term structural needs’ and the new challenges of the economic downturn.
Parent company Reed Elsevier recently extended loan arrangements for its $2 billion debt.
In December Reed terminated the sale of magazine arm RBI, as a result of ‘the recent deterioration in macro-economic outlook and poor credit market conditions’.
Tags: Flight International, ICIS and Contract Journal, nuj, NUJ chapel, RBI, Reed Business Information, Reed Elsevier, Reed Elsevier PLCMissed this great post from Dan Blank last week looking at what impact using Twitter has had on the School Library Journal, published by Reed Business Information (RBI).
Tags: Dan Blank, RBI, School Library Journal, TwitterReed Elsevier, parent company of Reed Business Information (RBI), is close to completing a deal that would grant a three-year extension of $2 billion of loan debt.
Tags: RBI, Reed ElsevierRBI’s Karl Schneider on implementing new digital operations at the magazine publisher.
Tags: Karl Schneider, RBISince announcing the ‘divestment’ of magazine publishing arm Reed Business Information (RBI), the sale by parent company Reed Elsevier has been the centre of much speculation.
Below is a timeline (created using Dipity) of the events so far – if there are any missing, let me know:
Tags: RBI, Reed Business Information, Reed Elsevier
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